Kohl’s Corporation (NYSE: KSS) had a notable performance on Tuesday, reaching a new 52-week high following the appointment of Michael Bender as its new CEO. The stock soared to $22.45 in intra-day trading before ending the day up 42.16% at $22.42. Bender officially took over after serving as interim CEO since May 1, 2025.

Bender’s appointment comes after the dismissal of former CEO Ashley Buchanan in May due to pushing for deals with a vendor and former Walmart executive with whom he had a personal relationship. Bender brings decades of leadership experience from companies like Victoria’s Secret, Walmart, and Eyemart Express, with his appointment effective as of November 23.

Kohl’s Corporation’s Board Chairman, John Schlifske, praised Bender’s leadership during his interim CEO period, citing improvements in results, strategy, and cultural change. The board is confident in Bender’s ability to lead the company forward for the benefit of associates, customers, and shareholders. Kohl’s Corporation sees Bender as a crucial leader for the company’s future success.

Read more at Yahoo Finance: Kohl’s (KSS) Hits New 52-Week High as Firm Appoints New CEO